China Sunergy Successfully Connected a PV Project Totaling 14.5MW to the Grid in Philippines with Granted FIT of $0.186/KWH

CSUN-Solar International Limited, a subsidiary of China Sunergy Co.,Ltd (CSUN), specialized in engineering, procurement and construction service and project development today announced that the 14.5MW solar PV power plant, for which CSUN provided a full range of solar energy solutions was successfully connected to the grid in Philippines.

The PV plant located in the municipality of Hermosa, province of Bataan, Central Luzon region, Philippines, is invested and owned by YH Green Energy Incorporated, a Philippine-based green energy developer. The power plant was granted 25-year subsidies of 8.69 PHP/kwh (0.186 USD/kwh) by local government.

“This new project is just the beginning as we focus on improving our competitive position in project development in domestic and overseas markets.” Commented Mr. TIngxiu Lu Chairman and CEO of China Sunergy.” We will continue to expand our downstream business and expect to diversify our customer base with our experience and expertise in solar energy sector.”